REI Lense

REI Lense

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$3,429 (target)

69170 4th Ave, Covington, LA 70433

3 beds • 3 baths • 3403 sqft

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This property looks like a bad Long-Term investment with a projected -2.68% first-year return on $102k initial cash invested.

-2.68%

Cash On Cash

5.98%

Cap Rate

0.98

DSCR

$3,429

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,429 income − $3,657 expenses = $228 out of pocket

Income$3,429Out of Pocket$228Mortgage P&I$2,47872%Property Taxes$1183%Insurance$1705%Management$34310%CapEx$1715%Vacancy$2066%Maintenance$1715%

Investment Breakdown

|

Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,140

Closing costs

1%

$4,857

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,429

Total Expenses

$3,657

Mortgage P&I

72%

$2,478

Property Taxes

3%

$118

Home Insurance

5%

$170

HOA

0%

$0

Property Management

10%

$343

CapEx

5%

$171

Vacancy

6%

$206

Maintenance

5%

$171

Other

0%

$0

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